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Business

Corruption is putting the brakes on investment in Southeast Asia

From left, Vivek Chaand Sehgal, Hiroshi Ishino, Kevin Burrell and Wirat Sirikajornkij (Photo by Yuichiro Takagi)

BANGKOK Governments in Southeast Asia must get serious about tackling corruption if they want to attract significant foreign investment, corporate leaders are warning.

Countries in the Association of Southeast Asian Nations regularly feature near the top of corporate corruption indexes. Vivek Chaand Sehgal, chairman of Indian autoparts maker Samvardhana Motherson Group, attributed this partly to the fact they have less stringent corruption laws than their Western counterparts.

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